Starbucks Corporation $SBUX Stake Decreased by IFP Advisors Inc

IFP Advisors Inc trimmed its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 29.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,885 shares of the coffee company’s stock after selling 9,917 shares during the period. IFP Advisors Inc’s holdings in Starbucks were worth $2,441,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its position in shares of Starbucks by 86.5% in the fourth quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock worth $16,126,000 after acquiring an additional 81,952 shares in the last quarter. Schnieders Capital Management LLC. lifted its position in shares of Starbucks by 47.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 3,642 shares of the coffee company’s stock valued at $334,000 after acquiring an additional 1,164 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Starbucks in the 2nd quarter valued at approximately $288,000. Gamco Investors INC. ET AL boosted its stake in Starbucks by 92.8% in the 2nd quarter. Gamco Investors INC. ET AL now owns 5,225 shares of the coffee company’s stock worth $479,000 after purchasing an additional 2,515 shares during the period. Finally, NewEdge Advisors LLC grew its position in Starbucks by 7.6% during the 2nd quarter. NewEdge Advisors LLC now owns 112,710 shares of the coffee company’s stock worth $10,328,000 after purchasing an additional 7,978 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $105.60, for a total transaction of $235,382.40. Following the sale, the chief executive officer directly owned 73,149 shares of the company’s stock, valued at $7,724,534.40. This trade represents a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,687 shares of company stock worth $703,450 over the last 90 days. 0.03% of the stock is owned by company insiders.

Starbucks Trading Down 0.5%

Starbucks stock opened at $98.74 on Friday. Starbucks Corporation has a 1-year low of $77.99 and a 1-year high of $110.51. The firm’s fifty day simple moving average is $105.16 and its 200-day simple moving average is $101.27. The company has a market capitalization of $112.56 billion, a P/E ratio of 56.75, a P/E/G ratio of 1.71 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.19. The company had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.17 billion. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.50 earnings per share. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. On average, equities research analysts predict that Starbucks Corporation will post 2.64 earnings per share for the current year.

Starbucks News Roundup

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks plans to invest approximately $1 billion renovating as many as 8,000–9,000 North American company-operated stores. New seating, rugs, plants and other design upgrades are intended to increase customer dwell time, improve the in-store experience and support sales. Starbucks store renovation investment
• Positive Sentiment: Niccol said Starbucks’ “Back to Starbucks” turnaround is working and that roughly 1,500 or more upgraded locations could be completed by the end of the current fiscal year. The strategy focuses on service execution, café atmosphere and returning the brand to its coffeehouse roots. Starbucks CEO discusses café renovations
• Positive Sentiment: The company is emphasizing Refreshers and other cold beverages to drive afternoon traffic. The initiative could broaden Starbucks’ customer base and improve sales outside traditional morning coffee hours. Starbucks Refreshers strategy
• Neutral Sentiment: Starbucks has called for a safer Seattle, which could help improve the environment around stores and customer traffic, although the near-term financial impact is unclear. Starbucks and Seattle safety concerns
• Negative Sentiment: Workers at a Hamilton, Ontario, Starbucks have joined the United Steelworkers union, adding to labor-organizing activity in Canada. Broader unionization could increase labor costs and operational complexity. Hamilton Starbucks employees join union
• Negative Sentiment: Refreshers face rising competition from Dutch Bros and McDonald’s, raising doubts about whether the product push can generate sustained traffic gains. Starbucks also trades at an elevated valuation, while latest quarterly revenue declined 1.4% year over year despite an earnings beat.
• Neutral Sentiment: CEO Brady Brewer sold 2,229 shares under a pre-arranged Rule 10b5-1 plan. The transaction is relatively small but may attract attention from investors monitoring insider activity.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SBUX. DA Davidson lifted their price target on Starbucks from $102.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. BTIG Research reissued a “buy” rating and issued a $115.00 price objective on shares of Starbucks in a research note on Friday, July 31st. Citigroup raised their price objective on Starbucks from $108.00 to $112.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Evercore reiterated an “outperform” rating on shares of Starbucks in a report on Thursday, July 30th. Finally, Sanford C. Bernstein cut shares of Starbucks from an “outperform” rating to a “market perform” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $110.30.

Starbucks Company Profile

Starbucks Corporation is a global coffeehouse company that roasts, markets and sells specialty coffee, tea, cold beverages, food and other related products. Its offerings include brewed coffee, espresso-based beverages, cold drinks, teas, pastries, breakfast items and packaged coffee and tea products. Starbucks also sells branded merchandise, including drinkware and related accessories.

Founded in 1971 in Seattle, Starbucks has grown from a local coffee retailer into an international business.